The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Aditya Jhawar from Investec, your line is unmuted. Please go ahead with your question. Aditya Jhawar from Investec, please unmute yourself from
your handset and ask your question.
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JUNE 26, 2020 / 6:00AM, ENDU.NS - Q4 2020 Endurance Technologies Ltd (CN) Earnings Call
Due to no response, we'll move to the next question. The next question is from the line of Nitin Arora from Axis Mutual Fund.
Question: Pravin Yeolekar - CIMB Research - Analyst
: Sir, my question was on this acquisition. So just wanted to understand how this new acquisition of Adler and Grimeca will benefit our Endurance
Indian operation? And what was the rationale for this acquisition? Hello?
Question: Pravin Yeolekar - CIMB Research - Analyst
: Yes. So my question was on acquisition. So for the recent acquisition of Adler and Grimeca. So my -- just wanted to understand how are these going
to benefit our Indian operation in the next 2 or 3 years?
Question: Pravin Yeolekar - CIMB Research - Analyst
: Okay. So when do we expect the new product to start from this acquisition?
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: My question is for European business. If you see the OpEx line item, there is a reduction on a Q-on-Q basis of almost 15 percentage points despite
the revenue being slightly lower, and that actually drove the margin expansion despite negative operating leverage. So what actually happened
in the OpEx number for the European business? And what could be the percentage of run rate on a quarterly basis?
without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its
affiliated companies.
JUNE 26, 2020 / 6:00AM, ENDU.NS - Q4 2020 Endurance Technologies Ltd (CN) Earnings Call
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: All right. So as you know, for our European business, the operating expenditure declined about 15% as compared to the previous quarter, that is
December quarter and that actually resulted in the EBITDA margin expansion on a Y-o-Y basis. So what drove this reduction in operating expenditure?
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Yes. Sir, the question is reduction in the total expenses...
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Okay. So I'll take this question offline. Moving on to the India business. Anurang, you mentioned that the outlook provided by OEM is very encouraging.
You mentioned that it's about 50%, 55% as compared to the pre-COVID level, but is it that next couple of months, we are expecting it to go back
to about 80%, 90%?
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Yes, yes. So as we speak, we are at about 50% of the pre-COVID level. And you mentioned that the outlook provided by OEM is quite encouraging.
Is that the expectations are pretty low and we are happy that 50%, 60%, and that is an encouraging sign? Or are you expecting that next couple
of months, we will go back to pre-COVID level?
without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its
affiliated companies.
JUNE 26, 2020 / 6:00AM, ENDU.NS - Q4 2020 Endurance Technologies Ltd (CN) Earnings Call
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Okay. Okay. And the final question is, given the lockdown situation in Tamil Nadu, (inaudible) supplies to Royal Enfield, the progress is as per
schedule? Or is there some disruption in the supply to Royal Enfield?
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Okay. So it's back to normal, the supply is back to normal?
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